Medical Facilities (TSE:DR) Hits New 12-Month High – What’s Next?

Medical Facilities Co. (TSE:DR) reached a new 52-week high during trading on Thursday . The stock traded as high as C$17.00 and last traded at C$16.54, with a volume of 66366 shares changing hands. The stock had previously closed at C$16.59.

Analyst Ratings Changes

Separately, Leede Financial downgraded shares of Medical Facilities from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th.

Medical Facilities Price Performance

The company has a quick ratio of 1.51, a current ratio of 1.15 and a debt-to-equity ratio of 86.99. The firm has a 50 day simple moving average of C$15.88 and a 200-day simple moving average of C$14.76. The stock has a market cap of C$398.99 million, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 3.81 and a beta of 0.47.

Medical Facilities (TSE:DR) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.41 earnings per share (EPS) for the quarter. Medical Facilities had a return on equity of 48.07% and a net margin of 4.43%. During the same quarter in the prior year, the business posted ($0.01) earnings per share. On average, equities research analysts forecast that Medical Facilities Co. will post 1.2376837 earnings per share for the current fiscal year.

Insider Transactions at Medical Facilities

In other news, Senior Officer David Nathaniel Tait Watson sold 7,800 shares of Medical Facilities stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$16.31, for a total transaction of C$127,218.00. Following the completion of the sale, the insider now owns 100 shares of the company’s stock, valued at approximately C$1,631. This trade represents a 98.73 % decrease in their ownership of the stock. Also, Director Yanick Blanchard sold 100,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$15.93, for a total transaction of C$1,593,100.00. 0.43% of the stock is currently owned by corporate insiders.

Medical Facilities Company Profile

Medical Facilities Corp owns a diverse portfolio of surgical facilities in the United States. Through its wholly-owned subsidiaries, the company owns controlling interests in four specialty hospitals and six ambulatory surgery centers. The hospitals offer a range of non-emergency surgical, imaging, diagnostic and pain management procedures, and other ancillary services.